New Home Prices Climb in Longview According to Newest Data, Sales Steady
Posted on: Jul 06, 2014 07:21:41 AM
Closings of new homes in the Longview, WA market saw no change year-over-year in April, staying level after a year-over-year increase in March from a year earlier. Closings remained level at 3 from a year earlier after the figure moved from 1 in March 2013 to 4 in March 2014.
A total of 50 new homes were sold during the 12 months that ended in April, equal to the number of new homes sold for the year that ended in March.
3 of the 153 total closings were new home closings, a shift on a percentage basis from 3 out of 142 a year earlier. Following a decline in March year-over-year, closings of new and existing homes jumped year-over-year in April.
Pricing and Mortgage Trends
The average new home price was $269,058, up from $195,655 a year earlier. This came after a 20.3% fall in March from a year earlier.
Average mortgage size on new homes rose from $165,000 to $233,383. Average mortgage size on new homes went from $278,111 in March 2013 to $232,600 in March 2014.